How is an option's result determined?
A contract whose result depends on a price condition at expiry. The directional product described on Dexopt differs from a vanilla option with an exercise right. A trade pays out when the expiration price lands on the right side of where you opened: • An “up” option needs it to finish above. • A “down” option needs it to finish below. For an upward condition, the opening reference, settlement reference and treatment of equality must be known before trading.
Trader glossary